The Indian rupee experienced a sharp decline of 15 paise against the US dollar, settling at 84.44 in early trading on Wednesday, amid subdued trends in the domestic equity market, according to PTI reports.

At the interbank foreign exchange market, the rupee opened at 83.38, reflecting a 9 paise drop from its previous close, before slipping further to 84.44. This marked a significant decline of 15 paise compared to Tuesday's flat closing rate of 83.29 against the dollar.